For Sale: New Germany MLS# 6727748
Active
NEW!
$410,000
Multi-family: Four Plex
Built 1911
4,652 sqft • 0.38 acres
Waconia schools
MLS# 6727748
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Property Description
Charming, cash flowing 4 Plex in the heart of New Germany only becoming available due to relocation. Property is ideally located next to the Dakota Rail Trail and just blocks from parks, baseball fields and The Fancy Farmer coffee shop. Three of the four units have been updated with LVP or refinished hardwood floors, new laminate countertops, and stylish touches like backsplashes and open shelving. Outdoor common areas feature a partially fenced yard, play structure, rope swing, picnic space, and sidewalks. Additional perks include a dedicated onsite caretaker, shared coin-op laundry, a large workshop with high ceilings and workbenches, individual storage units for each apartment, and a partially finished sauna. Water/sewer is submetered via TrueSubmeter, and tenants pay most utilities. A new dryer was installed in May 2025. Perfect for investors or live-in owners seeking a low-maintenance, income-producing property in a tight-knit community.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$410,000
Price per sq ft:
$88
Property Type:
Multi-family
City:
New Germany
Garage Spaces:
0
County:
Carver
Year Built:
1911
State:
MN
Property Style:
Four Plex
Zip Code:
55367
Subdivision Name:
City Lts Of New Germany
Interior
Finished Area:
4,652 ft2
Living Area:
4,652 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Concrete
- Crawl Space
- Partial
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
3,944 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
Open
Shared Amenities:
- Coin-op Laundry Owned
- Laundry
- Porch
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
- Stucco
- Wood Siding
Roof Details:
- Asphalt
- Metal
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.38
Geolocation:
44.884682, -93.964582
Lot Dimensions:
112 X 150
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
110
District Phone:
952-442-0600
Expenses
Annual Caretaker Expense:
$1,200
Annual Electric Expense:
$1,848
Annual Fuel Expense:
$1,380
Annual Insurance Expense:
$2,552
Annual Maintenance Expense:
$2,637
Annual Gross Expense:
$15,218
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$4,524
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$4,914
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,914
Income
Annual Gross Income:
$54,840
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of eXp Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.